• Resources
  • Privacy Policy
Prime TitlePrime TitlePrime TitlePrime Title
  • Services
    • Home Buyers
    • Home Sellers
    • Real Estate Agents
    • Lenders
    • Builders & Contractors
    • Commercial
  • Team
  • Blog
  • Contact
  • 337.235.0047

What’s Covered Under a Home Warranty?

NextPrevious

What’s Covered Under a Home Warranty?

By Paul Gardner | Industry Topics | Comments are Closed | 30 July, 2021 | 0

Worrying about home repairs is one of the biggest burdens for homeowners. That’s why you may want to consider purchasing a home warranty. Whether you have been in your home for years or are closing on a new home, a home warranty can provide you some peace of mind. 

What is a Home Warranty? 

It is (usually) a one-year, renewable service contract that covers maintenance, repairs, and replacement of home systems and appliances when issues arise related to everyday use. It is not to be confused with homeowner’s insurance. Homeowners insurance is a lender-required policy that covers losses incurred during a catastrophic event such as a fire or storm. A home warranty is an optional contract that offers protection against everyday issues that may occur in your home. 

Coverage costs, limits, and exclusions vary by provider and contract. 

What is Covered by a Home Warranty? 

Most companies offer plans that cover either appliances, systems, or both. What is actually covered varies by company and is specific to what is listed in a contract. However, the National Home Service Contract Association (NHSCA) lists systems and appliances that are typically covered. Those include: 

● Systems such as electrical, ductwork, heating, interior plumbing, and water heaters.

● Appliances such as dishwashers, ovens/ranges/cook-tops, garbage disposals, air conditioning units, refrigerators, microwaves, and washers and dryers. 

Some companies offer the option of purchasing add-ons to cover other systems and appliances such as lawn sprinkler systems, pools, septic systems, stand-alone freezers, and electronics. 

There are some items that are generally excluded from home warranties. These include, but are not limited to, 

● Structural elements such as the foundation, windows, paint, and flooring.

● Commercial-grade equipment or systems. 

● Fireplaces. 

● Pre-existing issues that were identified by a home inspector. 

● Repairs related to neglect or improper maintenance. 

● Hazardous substances.

Also keep in mind that depending on the contract, different parts of systems and appliances will be covered while others will be excluded. The best way to know exactly what your contract covers is to read it thoroughly before purchasing to ensure it covers everything you want and need it to. 

While home warranties are optional, they are a good thing to have. Your home is one of the biggest investments you will make, and a home warranty helps protect that investment and your pocketbook. Be sure to talk to your real estate agent about home warranties before closing on a purchase.

Home Buyers, Home Warranty, homeowner, Realtors, Title Industry, Title Insurance

Paul Gardner

Paul’s core practice centers on the examination of title and real estate transactions. He has extensive litigation experience, and has spent several years representing and advising lawyers, real estate agents, and insurance agents in connection with professional liability claims.

More posts by Paul Gardner

Related Posts

  • Understanding Commercial Closings

    By Paul Gardner | Comments are Closed

    Commercial real estate closings are very different from residential real estate closings.  In general, they are more complicated because they have more extensive procedures. Negotiations also tend to last much longer (up to a yearRead more

  • Why is a Land Survey So Important Before Closing?

    By Paul Gardner | Comments are Closed

    Whether or not the lender requires it, every buyer should invest in having a property survey (also called a land survey) conducted before closing on a real estate purchase.    Land surveys are critical forRead more

  • Real Estate Trends for Q4

    By Paul Gardner | Comments are Closed

    What does the real estate market look like for Q4 of 2022?    Home sales typically slow down this time of year and 2022 looks to be no different. In general, experts indicate that theRead more

  • Selling in a Buyer’s Market

    By Paul Gardner | Comments are Closed

    Selling in a Buyer’s Market Real estate industry experts anticipate a cooling in the housing market and a shift away from the seller’s market of the last two years toward more of a buyer’s market.Read more

  • Understanding Different Loan Types

    By Paul Gardner | Comments are Closed

    Understanding Different Loan Types   If you need to borrow money, there are various types of loans from which to choose. The ones most people recognize are automobile loans, student loans, and mortgages, but thereRead more

NextPrevious

Contact Us
Request Fees
Title Request

Blog Categories

  • Announcements
  • Events
  • Industry Topics
  • Lagniappe
  • Uncategorized

Newsletter

  • This field is for validation purposes and should be left unchanged.



1819 W. Pinhook Road, Suite 100
Lafayette, LA. 70508

337.235.0047
Contact Us

Services

  • Home Buyers
  • Home Sellers
  • Real Estate Agents
  • Lenders
  • Builders & Contractors
  • Commercial

Site Links

  • Blog
  • Team
  • Contact
  • Resources
  • Privacy Policy
  • Title Request

Newsletter

  • This field is for validation purposes and should be left unchanged.

  • Services
    • Home Buyers
    • Home Sellers
    • Real Estate Agents
    • Lenders
    • Builders & Contractors
    • Commercial
  • Team
  • Blog
  • Contact
  • 337.235.0047
Prime Title